. >> reporter: michelle and brian, house speaker john boehner told his fellow republicans in the house that he still is trying to work out a deal with the white house. but he also said he is moving on the fallback plan. house speaker john boehner met with fellow republicans this morning to discuss president obama's "fiscal cliff" proposal. the speaker also began work on a so-called plan b to prevent a tax increase in case he doesn't reach a deal with the white house before january 1. >> our plan b would protect american taxpayers who make a million dollars or less. >> reporter: the white house quickly rejected boehner's backup proposal. >> the so-called plan b that's been put out there achieves nothing. he would lose hundreds of buffalos dollars of revenue. >> reporter: the president initially insisted on letting tax cuts expire for households making $250,000 a or more. but the new white house counter proposal raises that threshold to $400,000. for the first time, the president is willing to accept some reduction in future cost of living benefit increases for social security recipients